Property Overview: 5-55 Bayridge Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This condominium at 5-55 Bayridge Avenue is an 840 sqft unit in a 1988-built complex in the established Fort Richmond neighbourhood. Its primary appeal lies in offering solid value and manageable space within a convenient south Winnipeg location. The data reveals a property that stands out positively within its immediate context but is more modest in a city-wide comparison.
Key characteristics include a living area that is above average for its specific building/street, an assessed value that is mid-range locally but below the Winnipeg average, and a building age that is newer than many in Fort Richmond. The last recorded sale was in May 2022.
This home would suit pragmatic first-time buyers or downsizers seeking an affordable entry into the Winnipeg market without compromising on location. It’s also a potential fit for an investor looking for a lower-value asset in a stable, university-adjacent area. The appeal is less about luxury or size and more about securing a functional, cost-effective property in a well-connected neighbourhood. A thoughtful perspective is that its "average" metrics on its street suggest a sense of consistency and predictability, which can be a virtue for budget-conscious planning.
Section 2: Frequently Asked Questions
1. How does this condo’s size compare to others?
At 840 sqft, this unit is larger than most others in its immediate building/street complex (ranking in the top 8%). It is close to the average size for the Fort Richmond area but is below the average size for condos across the entire city.
2. What does the assessed value tell me?
The City’s assessed value of $15,700 is around the middle range for similar properties on Bayridge Avenue and in Fort Richmond. However, it is below the average assessed value for condominiums citywide, which may indicate a relatively lower property tax base.
3. Is the building considered old?
Built in 1988, the structure is newer than most in the Fort Richmond neighbourhood (ranking in the top 9%). Compared to all Winnipeg homes, its age is roughly average. This suggests major common elements may be more recent than in many area buildings but could still be approaching common repair or renewal periods.
4. Can I see the exact historical sale price?
The provided sale history shows a range. To obtain the precise sale price from May 2022, you must request it directly via the email system on this listing page. The service is manual but provided without marketing spam.
5. What are the immediate surroundings like?
The listing indicates several units with the same "55 Bayridge Avenue" address but different unit prefixes (e.g., 1-55, 2-55), suggesting this is a multi-building condo complex or townhouse cluster, offering a community feel.